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Local Interactions
ÖZGÜR, Onur - Centre Interuniversitaire de Recherche en Économie … - 2010
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are `close' to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply particular...
Persistent link: https://www.econbiz.de/10008671564
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Local Interactions
ÖZGÜR, Onur - Département de Sciences Économiques, Université de … - 2010
Local interactions refer to social and economic phenomena where individuals' choices are influenced by the choices of others who are ‘close’ to them socially or geographically. This represents a fairly accurate picture of human experience. Furthermore, since local interactions imply...
Persistent link: https://www.econbiz.de/10008679137
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Contracting for innovation under knightian uncertainty
AMARANTE, Massimiliano; GHOSSOUB, Mario; PHELPS, Edmund - Département de Sciences Économiques, Université de … - 2012
At any given point in time, the collection of assets existing in the economy is observable. Each asset is a function of a set of contingencies. The union taken over all assets of these contingencies is what we call the set of publicly known states. An innovation is a set of states that are not...
Persistent link: https://www.econbiz.de/10010933661
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Dynamic linear economies with social interactions
ÖZGÜR, Onur; BISIN, Alberto - Département de Sciences Économiques, Université de … - 2011
economies, we provide existence (Markov Perfect Equilibrium in pure strategies), ergodicity, and welfare results. Also, we … characterize equilibria in terms of agents' policy function, spatial equilibrium correlations and social multiplier effects … interactions, with special emphasis on the restrictions imposed by dynamic equilibrium conditions. …
Persistent link: https://www.econbiz.de/10010933671
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Computation and Analysis of Multiple Structural-Change Models
BAI, Jushan; PERRON, Pierre - Département de Sciences Économiques, Université de … - 1998
In a recent paper, Bai and Perron (1998) considered theoretical issues related to the limiting distribution of estimators and test statistics in the linear model with multiple structural changes. In this companion paper, we consider practical issues for the empirical applications of the...
Persistent link: https://www.econbiz.de/10005133141
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Endogenous Value and Financial Fragility
Gobert, Karine; González, Patrick; Lai, Alexandra; … - Groupe de recherche en économie de l'énergie, de … - 2003
We construct a model of valuation to assess the financial fragility of a set of firms in a closed economy. A firm is identified with a possibly infinite random sequence of benefits. Firms with negative benefits in a given period are said to be in distress and need liquidity to refinance their...
Persistent link: https://www.econbiz.de/10005696239
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Endogenous Value and Financial Fragility
Gobert, Karine; González, Patrick; Lai, Alexandra; … - Département d'Économique, Université Laval - 2003
We construct a model of valuation to assess the financial fragility of a set of firms in a closed economy. A firm is identified with a possibly infinite random sequence of benefits. Firms with negative benefits in a given period are said to be in distress and need liquidity to refinance their...
Persistent link: https://www.econbiz.de/10005696447
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Contracting for Innovation under Knightian Uncertainty
Amarante, Massimiliano; Ghossoub, Mario; Phelps, Edmund - Centre Interuniversitaire de Recherche en Économie … - 2012
At any given point in time, the collection of assets existing in the economy is observable. Each asset is a function of a set of contingencies. The union taken over all assets of these contingencies is what we call the set of publicly known states. An innovation is a set of states that are not...
Persistent link: https://www.econbiz.de/10010616508
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Dynamic Linear Economies with Social Interactions
ÖZGÜR, Onur; BISIN, Alberto - Centre Interuniversitaire de Recherche en Économie … - 2011
economies, we provide existence (Markov Perfect Equilibrium in pure strategies), ergodicity, and welfare results. Also, we … characterize equilibria in terms of agents' policy function, spatial equilibrium correlations and social multiplier effects … interactions, with special emphasis on the restrictions imposed by dynamic equilibrium conditions. …
Persistent link: https://www.econbiz.de/10010616521
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An impact analysis of climate change on the forestry industry in Quebec. A dynamic CGE model
Boccanfuso, Dorothée; Savard, Luc; Goyette, Jonathan; … - Département d'économique, Faculté d'administration - 2015
Quebec’s forests represent 20% of the Canadian forest and 2% of world forests. They play a major role for habitat preservation, supplying goods and services to the population. Climate change will have an impact on the forest through inter alia increased droughts, forest fires, warmer weather...
Persistent link: https://www.econbiz.de/10011272941